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I found a 180 loophole to income-based repayment schemes

tl;dr Income is calculated post-401k contribution, so max yo...
Waveracewar 64
  03/14/19
LJL at proles who have to repay loans.
Ima Rike an Oerd Moner WASP, Blo
  03/14/19
Actually it's incredibly prestigious to let the government p...
Waveracewar 64
  03/14/19
...
Ima Rike an Oerd Moner WASP, Blo
  03/14/19
...
arnold blacknigger
  06/24/19
...
PeteSassyBraveNavyFruit
  06/25/19
...
short man
  06/25/19
Elizabeth Warren bump
Waveracewar 64
  04/22/19
So fraud. Would bet the house you're Jewish
.........,,.,.,.,.,,,,,,.,.,.,.,.,.
  06/24/19
the entire system is fraud on multiple levels
pepito
  06/24/19
...
Waveracewar 64
  06/25/19
it's not a loophole. you're supposed to report material chan...
....;.::..............,,;,.,,,,,,....
  06/24/19
...
luis (retired)
  06/24/19
He's Jewish. I've heard this "loophole" logic used...
.........,,.,.,.,.,,,,,,.,.,.,.,.,.
  06/24/19
OY VEY PAY UP UR SHEKELS!
pepito
  06/24/19
jews being jews doesn't justify fraud. have some integrity.
....;.::..............,,;,.,,,,,,....
  06/24/19
OY VEY ITS ANNODAH SHOAH!
pepito
  06/24/19
https://www.google.com/amp/s/amp.app.com/amp/740083002 Lo...
.........,,.,.,.,.,,,,,,.,.,.,.,.,.
  06/24/19
...
Waveracewar 64
  06/25/19
...
CapTTTainFalcon
  07/28/19
...
short man
  06/25/19
What is the largest percent that is immaterial friend?
An Evangelical
  06/24/19
(110 iq redditor asking "but where do we draw the line?...
....;.::..............,,;,.,,,,,,....
  06/24/19
No
An Evangelical
  06/24/19
25% is pushing it
Maori woman performing defiant haka
  06/24/19
cr, this faggot needs to be prosecuted
Hysterical bitchmade deepstate faggot
  06/24/19
You misunderstand this checkbox on the income certification ...
Waveracewar 64
  06/25/19
180
boomerboat
  06/24/19
Happy purim
><<(^((*>
  06/24/19
...
donny (retired)
  06/24/19
...
.........,,.,.,.,.,,,,,,.,.,.,.,.,.
  06/25/19
There are all sorts of schemes like this...its 180
PeteSassyBraveNavyFruit
  06/25/19
Bookmarking for later
and when i started to squeeze the bar brother
  06/25/19
They are cracking down on income based repayment fraud, luck...
Waveracewar 64
  07/28/19
...
\"\"\"\"\'\'\'\"\"\'
  07/28/19


Poast new message in this thread



Reply Favorite

Date: March 14th, 2019 8:49 PM
Author: Waveracewar 64

tl;dr Income is calculated post-401k contribution, so max your 401k in the month you use to certify income

The income-based programs allow you to use a paystub to certify income and use taxable income to estimate your income.

What I did was max out my 401k one month: I make $14.5k/month (paid monthly), and Vanguard maxes out at 75%, so put up about 10k into my 401k, leaving my monthly income as ~$4.5k. I submitted this paystub to the loan servicer and now have a ~$200/mo payment.

This is 180 because even if I go the entire 25 years, it doesn't come close to my total loan value. Also, time value of money and I also expect further loan relief. Worst case scenario I get rich and have to pay back my loan.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932644)



Reply Favorite

Date: March 14th, 2019 8:50 PM
Author: Ima Rike an Oerd Moner WASP, Blo

LJL at proles who have to repay loans.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932659)



Reply Favorite

Date: March 14th, 2019 8:51 PM
Author: Waveracewar 64

Actually it's incredibly prestigious to let the government pay hundreds of thousands on your behalf and then stiff the government on the repayment.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932664)



Reply Favorite

Date: March 14th, 2019 8:52 PM
Author: Ima Rike an Oerd Moner WASP, Blo



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932669)



Reply Favorite

Date: June 24th, 2019 10:35 PM
Author: arnold blacknigger



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435257)



Reply Favorite

Date: June 25th, 2019 11:26 AM
Author: PeteSassyBraveNavyFruit



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437252)



Reply Favorite

Date: June 25th, 2019 11:41 AM
Author: short man



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437328)



Reply Favorite

Date: April 22nd, 2019 7:50 PM
Author: Waveracewar 64

Elizabeth Warren bump

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38126710)



Reply Favorite

Date: June 24th, 2019 9:52 PM
Author: .........,,.,.,.,.,,,,,,.,.,.,.,.,.


So fraud. Would bet the house you're Jewish

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435038)



Reply Favorite

Date: June 24th, 2019 9:54 PM
Author: pepito

the entire system is fraud on multiple levels

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435041)



Reply Favorite

Date: June 25th, 2019 11:39 AM
Author: Waveracewar 64



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437321)



Reply Favorite

Date: June 24th, 2019 9:57 PM
Author: ....;.::..............,,;,.,,,,,,....


it's not a loophole. you're supposed to report material changes in your income. you don't think that your income going up by 300% the next month is a material change?

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435049)



Reply Favorite

Date: June 24th, 2019 10:15 PM
Author: luis (retired)



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435145)



Reply Favorite

Date: June 24th, 2019 10:16 PM
Author: .........,,.,.,.,.,,,,,,.,.,.,.,.,.


He's Jewish. I've heard this "loophole" logic used to justify various forms of fraud

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435159)



Reply Favorite

Date: June 24th, 2019 10:26 PM
Author: pepito

OY VEY PAY UP UR SHEKELS!

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435215)



Reply Favorite

Date: June 24th, 2019 10:27 PM
Author: ....;.::..............,,;,.,,,,,,....


jews being jews doesn't justify fraud. have some integrity.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435222)



Reply Favorite

Date: June 24th, 2019 10:27 PM
Author: pepito

OY VEY ITS ANNODAH SHOAH!

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435226)



Reply Favorite

Date: June 24th, 2019 10:32 PM
Author: .........,,.,.,.,.,,,,,,.,.,.,.,.,.


https://www.google.com/amp/s/amp.app.com/amp/740083002

Loophole or nah?

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435248)



Reply Favorite

Date: June 25th, 2019 2:09 PM
Author: Waveracewar 64



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38438246)



Reply Favorite

Date: July 28th, 2019 4:27 PM
Author: CapTTTainFalcon



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601731)



Reply Favorite

Date: June 25th, 2019 11:41 AM
Author: short man



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437336)



Reply Favorite

Date: June 24th, 2019 10:29 PM
Author: An Evangelical

What is the largest percent that is immaterial friend?

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435238)



Reply Favorite

Date: June 24th, 2019 10:37 PM
Author: ....;.::..............,,;,.,,,,,,....


(110 iq redditor asking "but where do we draw the line?")

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435274)



Reply Favorite

Date: June 24th, 2019 11:03 PM
Author: An Evangelical

No

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435416)



Reply Favorite

Date: June 24th, 2019 10:38 PM
Author: Maori woman performing defiant haka

25% is pushing it

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435284)



Reply Favorite

Date: June 24th, 2019 11:07 PM
Author: Hysterical bitchmade deepstate faggot

cr, this faggot needs to be prosecuted

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435434)



Reply Favorite

Date: June 25th, 2019 11:39 AM
Author: Waveracewar 64

You misunderstand this checkbox on the income certification form.

I ALWAYS check the "my income has significantly changed" box so that they let me use paystubs to calculate income instead of tax returns.

You only have to certify once a year. You have the option of certifying again (say if you lost your job or similar), but are not required to. Hilariously, if your income changes upward, you still can pay the lower rate the rest of the year. Income based repayment is a "heads I win, tails you lose" program.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437316)



Reply Favorite

Date: June 24th, 2019 10:29 PM
Author: boomerboat

180

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435240)



Reply Favorite

Date: June 24th, 2019 10:36 PM
Author: ><<(^((*>

Happy purim

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435262)



Reply Favorite

Date: June 24th, 2019 11:04 PM
Author: donny (retired) (donny)



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435422)



Reply Favorite

Date: June 25th, 2019 11:22 AM
Author: .........,,.,.,.,.,,,,,,.,.,.,.,.,.




(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437225)



Reply Favorite

Date: June 25th, 2019 11:26 AM
Author: PeteSassyBraveNavyFruit

There are all sorts of schemes like this...its 180

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437255)



Reply Favorite

Date: June 25th, 2019 11:28 AM
Author: and when i started to squeeze the bar brother (http://youtu.be/sqLsqHctThU)

Bookmarking for later

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437264)



Reply Favorite

Date: July 28th, 2019 3:30 PM
Author: Waveracewar 64

They are cracking down on income based repayment fraud, luckily they are getting at the dumb goyim who claim 30 dependents: https://abcnews.go.com/amp/Politics/wireStory/feds-find-potential-fraud-student-loan-repayment-plans-64575667

Still riding this loophole, but currently have $0 payments for the next year because I had a brief lapse of employment and recalculated income during this period lol.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601528)



Reply Favorite

Date: July 28th, 2019 4:25 PM
Author: \"\"\"\"\'\'\'\"\"\'



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601728)